The classical view of social responsibility holds that spending time, money, labor, or energy to improve society's welfare would ________.
A)deprive stockholders of resources that could be used to generate profits
B)not have any positive or negative impact on stockholders
C)help maximize profits for stockholders
D)show stockholders that the company knows best

Question

Quizplus · Accepted Answer

The classical view of social responsibility, often associated with economist Milton Friedman, argues that a company's primary responsibility is to its shareholders and that dedicating resources to social welfare beyond what is required for profit maximization is essentially diverting resources that could otherwise be used to generate profits for those shareholders.

The Classical View of Social Responsibility Holds That Spending Time